E¢ cient Recapitalization
By Thomas Philippon, Philipp Schnabl. 2010
153 citations recorded by the source corpus.
View Paper: https://www.semanticscholar.org/paper/db6cd034caf36b23ae760a27d1d2351d4bfcccef
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
- Thomas Philippon
- Marcin T. Kacperczyk
- Olivier Darmouni
- Gabriel Chodorow-reich
- Itay Goldstein
- L. Bebchuk
- Stephan Luck
- Matthew C. Plosser
Citations in the corpus
- Self-Fulfilling Credit Market Freezes (2011, background): “Philippon and Schnabl (2009) analyze government policy in a model where credit does not flow because firms suffer from a debt overhang problem.”
- Bank liquidity provision across the firm size distribution (2020, background): “Plosser and Santos (2016) infer monitoring from changes in internal risk metrics and find that roughly 30% of syndicated credits are adjusted each quarter, and that opaque borrowers are more proactively monitored.”
- Does gender diversity on banks' boards matter? Evidence from public bailouts (2020, unknown): “24 For the scope of this analysis, we define the starting day of the crisis as 1 January 2007, following Erkens et al. (2012) and Ryan (2008).”
- Optimal Interventions in Markets with Adverse Selection (2012, unknown): “We do not address the issue of outstanding long term debt and we refer the reader to Philippon and Schnabl (2009) for a model where debt overhang is the main friction.”
- When Safe Proved Risky: Commercial Paper During the Financial Crisis of 2007-2009 (2010, background): “…system to cover losses resulting from declines in asset values—which required broader policy interventions such as setting up deposit -21- insurance for money market funds, direct purchase of commercial paper, and capital injections for financial institutions (e.g., Philippon and Schnabl, 2009).”
- Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone (2017, background): “Reis (2013) argues that capital misallocation explains the low growth of Portugal between 2000 and 2007 and Gopinath et al. (2015) show the link between capital inflows and low productivity due to misallocation in some periphery countries.”